Hyundai To Increase Supply Of Best-Selling Models In China

Hyundai, the South Korean carmaker has plans to change the company's manufacturing plans. It wants to increase supply of the company's best-selling models in China.

Since Chinese carmakers have increased their market shares in the country, Hyundai wants to counterattack them by increasing sales incentives for customers and reel them in.

China has recently seen a drop in automobile sales and many carmakers are taking a big hit since China is the biggest car market for them. Even luxury carmakers like Audi and BMW have been affected due to this.

Hyundai has also posted drop of 8 percent in sales in China. Competition is very stiff and intense while the market growth has slowed down.